Industry News

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Too late to U-turn as Trump tariffs go live
NEWS INDUSTRY NEWS APR 09, 2025
Too late to U-turn as Trump tariffs go live

For now, the trade war is underway and it's set to be messy.

By Bloomberg
Treasuries suffer sharp 'fire sale' sell-off
NEWS INDUSTRY NEWS APR 09, 2025
Treasuries suffer sharp 'fire sale' sell-off

Could Chinese government be dumping US debt in retaliation for tariffs?

By Bloomberg
Why millions may be unable to access $730B home equity 'safety net'
NEWS INDUSTRY NEWS APR 09, 2025
Why millions may be unable to access $730B home equity 'safety net'

Housing wealth has surged but report warns it may not be easy to use it.

By Bloomberg
Markets remain in turmoil as tariffs kick in following global wipe out
NEWS INDUSTRY NEWS APR 09, 2025
Markets remain in turmoil as tariffs kick in following global wipe out

Wednesday is set to bring more volatility and there may be more tariffs to come

By Steve Randall
What percentage of Americans think the income tax they pay is fair?
NEWS TAX APR 08, 2025
What percentage of Americans think the income tax they pay is fair?

Spoiler alert: It’s the lowest share in 25 years, new report reveals

By Steve Randall
Can you 'buy the dip' in RIA M&A?
NEWS RIAS APR 08, 2025
Can you 'buy the dip' in RIA M&A?

Lido Advisors' Ken Stern shares his 'opportunistic' M&A mindset on potential dropping RIA valuations amid Trump's tariff-triggered volatility.

By Andrew Cohen
Modern Wealth, Aspen Standard announce acquisitions
NEWS RIAS APR 08, 2025
Modern Wealth, Aspen Standard announce acquisitions

Deals add seven-figure AUMs to the acquiring firms

By Steve Randall
Markets whiplash after fake tariff post goes viral, exposing cracks in modern finance
NEWS EQUITIES APR 08, 2025
Markets whiplash after fake tariff post goes viral, exposing cracks in modern finance

In today's world, every headline is false until proven true, says CEO of XML Financial Group.

By Chris Davis
Stocks slide anew as US-China tariff standoff dashes traders' hopes
NEWS EQUITIES APR 08, 2025
Stocks slide anew as US-China tariff standoff dashes traders' hopes

The S&P 500 was left on the brink of a 20 percent drop, with Wall Street strategists continuing to issue bearish outlooks.

By Bloomberg
Celebrating Financial Literacy Month despite the market's meltdown
NEWS PRACTICE MANAGEMENT APR 08, 2025
Celebrating Financial Literacy Month despite the market's meltdown

April remains Financial Literacy Month no matter the correction in stocks. Advisors discuss how financial education is vital, especially in preparation for times like these.

By Gregg Greenberg
Retirees are wired to not touch their nest eggs, research suggests
NEWS RETIREMENT PLANNING APR 08, 2025
Retirees are wired to not touch their nest eggs, research suggests

New data show retirees reluctant to draw from savings, opting instead to spend predictable income streams like Social Security and pensions.

By Leo Almazora
Bluespring, Crescent Grove bolster leadership ranks amid strategic growth efforts
NEWS RIAS APR 08, 2025
Bluespring, Crescent Grove bolster leadership ranks amid strategic growth efforts

The firms have separately and strategically brought on LPL and Fidelity veterans to drive growth, deepen advisor support, and expand client reach.

By Leo Almazora
Osaic snaps-up $450M NoxNumis in Kansas
NEWS RIAS APR 08, 2025
Osaic snaps-up $450M NoxNumis in Kansas

Wichita advisory firm becomes latest to join Osaic's growing national network of independent wealth managers.

By Leo Almazora
Carson Group strikes latest buyout deal in Marquette, Michigan
NEWS RIAS APR 08, 2025
Carson Group strikes latest buyout deal in Marquette, Michigan

The Omaha-based RIA's strategy of supportive partnership continues with a new wholly owned $314 million Carson Wealth location.

By Leo Almazora
Fed watchers expect no intervention for now as tariff detox continues
NEWS INDUSTRY NEWS APR 08, 2025
Fed watchers expect no intervention for now as tariff detox continues

Prominent strategists say ongoing inflationary pressure hamstring's central bank's ability to support convulsing markets.

By Bloomberg
LPL taps JPMorgan exec as chief data and AI officer
NEWS BROKER DEALERS APR 08, 2025
LPL taps JPMorgan exec as chief data and AI officer

Vaughn Harvey brings more than 25 years of experience in enterprise data strategy as LPL doubles down on advisor-facing AI strategy.

By Leo Almazora
Wall Street braces for more tariff chaos — but one CIO says 'don't panic'
NEWS EQUITIES APR 08, 2025
Wall Street braces for more tariff chaos — but one CIO says 'don't panic'

'This too will pass': Politically driven volatility nothing new, he says.

By Chris Davis
Goldman says bear market could stick
NEWS INDUSTRY NEWS APR 08, 2025
Goldman says bear market could stick

BlackRock downgrades US equities amid more expected pressure.

By Bloomberg
Art investors continue to find weaker demand, says UBS
NEWS INDUSTRY NEWS APR 08, 2025
Art investors continue to find weaker demand, says UBS

Global art market sales were down around 12% in 2024.

By Bloomberg
US stock futures up around 1% as China vows to fight extra 50% tariff threat
NEWS EQUITIES APR 08, 2025
US stock futures up around 1% as China vows to fight extra 50% tariff threat

But rumors of a tariff pause are dismissed as ‘fake news’ by Trump team

By Steve Randall